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BP Cap Holding, but New Leaks Develop

The new cap put on the gushing well in the Gulf of Mexico seems to be
holding, but several leaks have been discovered in and around the well.
While officials say that the leaks are not a current cause for concern
since the pressure in the well is still rising (albeit at a slower than
anticipated rate), they are certainly worth watching in the next couple
days to see if the leaks become larger in size.

As much as every American wants to believe that the disaster is on its
way to being controlled, any sort of leak is not going to help
perceptions very much. The public relations damage has already been
done, and it might take much more than a cap holding steady for a few
days for people to fully believe that everything is downhill from here
(especially considering that most of the economic damage has yet to be
felt). While everyone hopes the new leaks do not develop into something
more and that we have truly seen the last of the oil to be spilled in
the gulf, the phrase “I’ll believe it when I see it” seems pretty
appropriate here. And in my opinion, we certainly haven’t seen “it”
yet.